On July 10, Xiaomi Group-W rose 3.12% in regular trading, trading at HK$25.76/share, with turnover of HK$1.624 billion, extending the upward trend that began after the official announcement of its new automotive sub-brand.

On the news front, Xiaomi Auto's new sub-brand SkyNomad has continued to release product information since its official unveiling on July 8. On July 9, the company further disclosed interior details of its first SUV, including rotating front-row seats, a living-room-style layout, and a spacious cabin design. Founder Lei Jun confirmed the new vehicle will be launched soon. The brand, positioned as a smart variable-space SUV in the extended-range segment priced between RMB 200,000 and RMB 450,000, targets the market territory of Li Auto and AITO. The initial brand announcement on July 8 triggered a single-day surge of over 10%.

Additionally, Xiaomi has raised its GPU computing investment from nearly RMB 4 billion to over RMB 10 billion, while its auto business delivered approximately 180,000 units in the first half of the year, with monthly deliveries stable above 30,000 for three consecutive months. Multiple positive catalysts have converged to support the stock's continued strength.

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